Agata Mining Ventures, Inc.

About Agata Mining Ventures, Inc.

Agata Mining Ventures, Inc. (AMVI) is the operator of the Agata Direct Shipping Ore (DSO) Project, a nickel laterite mining and DSO operation in a 4,995-hectare MPSA area in the municipalities of Tubay, Jabonga and Santiago, Agusan del Norte, Caraga. AMVI is 60% owned by TVI Resource Development Philippines Inc., with Minimax Mineral Exploration Corporation (25%) and MRL Nickel Philippines Inc. (15%). The company holds an Operating Agreement approved by the Mines and Geosciences Bureau (MGB) to develop and operate the contract area, including extraction and sale of iron, nickel and other associated minerals.

Agata has DSO contracts with offtake buyers of nickel laterite ore, exporting to processing plants in Australia, China, Korea and Japan. Mining areas are within 3.5 kilometres of the company's private port. In November 2022 Agata declared partial cessation of mining operations and transitioned to implementation of its ten-year Final Mine Rehabilitation and Decommissioning Program (FMRDP) starting Q1 2023; the MPSA area remains valid until May 2049.

Category

Mining Equipment and Supplies

Location

Tubay, Caraga

Website

tvird.com.ph

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